Consumer Credit Grows
As Revolving Debt Jumps

WASHINGTON -- U.S. consumer credit in November grew more than anticipated, as revolving credit registered its biggest gain in six months, the Federal Reserve said Monday.

Consumer credit outstanding expanded about $12.3 billion in November to $2.390 trillion, according to the latest report from the Fed. That followed a $1.3 billion decline in October, previously estimated as a $1.2 billion decline.